TEKFEN HOLDING ANONIM SIRKETI |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 51.75 TRY | +1.77% |
|
+15.36% | +40.17% |
| Apr. 18 | Transcript : Tekfen Holding Anonim Sirketi, 2023 Earnings Call, Apr 18, 2024 | |
| Apr. 17 | Tekfen Holding Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,148 | 6,138 | 7,489 | 18,226 | 13,660 | 19,148 | - |
| Enterprise Value (EV) 1 | 3,877 | 5,155 | 5,874 | 17,027 | 13,660 | 22,624 | 22,554 |
| P/E ratio | 5.03 x | -102 x | 8.92 x | 5.25 x | - | 5.28 x | 3.74 x |
| Yield | 5.95% | - | - | - | - | 5.67% | 8.01% |
| Capitalization / Revenue | 0.49 x | 0.52 x | 0.46 x | 0.59 x | 0.32 x | 0.37 x | 0.32 x |
| EV / Revenue | 0.27 x | 0.44 x | 0.36 x | 0.56 x | 0.32 x | 0.43 x | 0.38 x |
| EV / EBITDA | 2.02 x | 12.9 x | 9.08 x | 6.85 x | -16.9 x | 4.09 x | 3.42 x |
| EV / FCF | 7.98 x | -3.11 x | -264 x | -111 x | - | 5.11 x | 4.69 x |
| FCF Yield | 12.5% | -32.1% | -0.38% | -0.9% | - | 19.6% | 21.3% |
| Price to Book | 1.32 x | 1.07 x | 0.99 x | 1.75 x | - | 1.43 x | 1.1 x |
| Nbr of stocks (in thousands) | 370,000 | 370,000 | 370,000 | 370,000 | 370,000 | 370,000 | - |
| Reference price 2 | 19.32 | 16.59 | 20.24 | 49.26 | 36.92 | 51.75 | 51.75 |
| Announcement Date | 2/21/20 | 2/25/21 | 2/23/22 | 3/7/23 | 4/17/24 | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,603 | 11,730 | 16,223 | 30,668 | 43,136 | 52,031 | 59,502 |
| EBITDA 1 | 1,921 | 398.3 | 647.3 | 2,487 | -808.4 | 5,530 | 6,592 |
| EBIT 1 | 1,627 | 83.33 | 216.1 | 1,885 | -1,756 | 3,527 | 5,583 |
| Operating Margin | 11.14% | 0.71% | 1.33% | 6.15% | -4.07% | 6.78% | 9.38% |
| Earnings before Tax (EBT) 1 | 1,777 | 229.5 | 1,129 | 3,232 | -1,775 | 5,146 | 6,186 |
| Net income 1 | 1,415 | -60.12 | 839.2 | 3,473 | -1,150 | 4,378 | 5,248 |
| Net margin | 9.69% | -0.51% | 5.17% | 11.33% | -2.67% | 8.41% | 8.82% |
| EPS 2 | 3.840 | -0.1630 | 2.268 | 9.387 | - | 9.800 | 13.82 |
| Free Cash Flow 1 | 486 | -1,655 | -22.27 | -154 | - | 4,430 | 4,806 |
| FCF margin | 3.33% | -14.11% | -0.14% | -0.5% | - | 8.51% | 8.08% |
| FCF Conversion (EBITDA) | 25.3% | - | - | - | - | 80.11% | 72.9% |
| FCF Conversion (Net income) | 34.35% | - | - | - | - | 101.19% | 91.57% |
| Dividend per Share 2 | 1.150 | - | - | - | - | 2.936 | 4.145 |
| Announcement Date | 2/21/20 | 2/25/21 | 2/23/22 | 3/7/23 | 4/17/24 | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,599 | 5,203 | 5,296 | 7,699 | 8,223 | 9,450 | 9,254 | 8,811 | 8,708 | 16,364 |
| EBITDA 1 | 337.9 | -476.2 | 91.88 | 1,154 | 682.2 | 558.7 | 209 | 855.9 | 502.6 | -2,376 |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 463.2 | -353.3 | 105.4 | 972.2 | 735.5 | 1,660 | -359.5 | 496.3 | 335.4 | -1,622 |
| Net margin | 12.87% | -6.79% | 1.99% | 12.63% | 8.94% | 17.57% | -3.88% | 5.63% | 3.85% | -9.91% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/26/21 | 2/23/22 | 4/28/22 | 8/11/22 | 10/26/22 | 3/7/23 | 4/27/23 | 8/9/23 | 11/9/23 | 4/17/24 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 3,477 | 3,406 |
| Net Cash position 1 | 3,271 | 983 | 1,614 | 1,199 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.6287 x | 0.5168 x |
| Free Cash Flow 1 | 486 | -1,655 | -22.3 | -154 | - | 4,430 | 4,806 |
| ROE (net income / shareholders' equity) | 29% | -1.08% | 12.6% | 38.3% | - | 25% | 33.2% |
| ROA (Net income/ Total Assets) | 11.5% | -0.45% | 4.68% | 12.8% | - | 6.9% | 9.1% |
| Assets 1 | 12,299 | 13,290 | 17,915 | 27,050 | - | 63,449 | 57,670 |
| Book Value Per Share 2 | 14.70 | 15.50 | 20.50 | 28.20 | - | 36.20 | 47.10 |
| Cash Flow per Share 2 | 2.090 | -2.940 | 1.440 | 1.990 | - | 9.570 | 12.10 |
| Capex 1 | 286 | 566 | 556 | 890 | - | 1,353 | 1,619 |
| Capex / Sales | 1.96% | 4.83% | 3.43% | 2.9% | - | 2.6% | 2.72% |
| Announcement Date | 2/21/20 | 2/25/21 | 2/23/22 | 3/7/23 | 4/17/24 | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
51.75
TRY
Average target price
59.8
TRY
Spread / Average Target
+15.55%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +40.17% | 591M | |
| -3.03% | 67.26B | |
| +1.90% | 59.19B | |
| +19.81% | 37.85B | |
| +11.43% | 30.82B | |
| +2.36% | 26.47B | |
| +15.67% | 20.73B | |
| +12.46% | 18.95B | |
| +21.84% | 16.96B | |
| +65.79% | 16.79B |
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- Financials Tekfen Holding Anonim Sirketi
